Thursday, 24 July 2014 07:27

The top 7 rental challenges And how to overcome them

The rental market is growing—are you?

The American Rental Association projects that North American rental revenues will hit $41.1 billion in 2014, and continue upwards to $52.3 billion by 2017. Are you taking advantage of this growing market?

The returns on rental can be great. Growing the rental channel of your dealership will allow you to diversify your business model and reduce your dependency on large-scale equipment sales—so long as you pay attention to your cash flow and functional needs.

To help you be successful in this growing market, we have put together a paper on the seven biggest rental challenges equipment dealers like you will need to overcome, as well as some approaches to relieve the pain of these challenges.

The top seven rental challenges for equipment dealers include:

  • Taking control of a complex business
  • Balancing your portfolio and cash flow
  • Maximizing the utilization and re-sale of your fleet
  • Balancing rental needs against sales needs
  • Offering excellent customer service
  • Planning for the full equipment lifecycle management
  • Forecasting equipment servicing and repairs

Download the executive brief (attached bellow) to read more about the top seven rental challenges and how to overcome them.

Source: http://blogs.infor.com/equipment_core/2015/05/top-7-rental-challenges-for-equipment-dealers-and-how-to-overcome-them.html

 

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